Intel Exceeds Earnings Expectations

Cloud services drive profits

February 2018

Intel surpassed analysts’ expectations by posting strong quarterly earnings on January 25, which included record revenue of $17.1 billion due largely to the company’s data-centric businesses growing 21% in Q4. This welcome news helped the company partly shift attention away from the Meltdown and Spectre security flaws that have plagued Intel’s processors and had drawn media scrutiny, including the recent news that Intel officials informed key customers, including Chinese companies, before they notified the U.S. government about the flaws. The strong revenue growth cited in the earnings report helped the company’s stock surge by more than 10% to its highest per-share prices since the dot-com boom peak of 2000.

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